Elon Musk’s Biography Reveals His Love for Dogecoin
The recently released biography of Elon Musk, written by Walter Isaacson, sheds light on Musk’s deep involvement with the meme coin Dogecoin and his contributions to its growth. One section of the book discusses how Musk’s brother proposed creating a blockchain-based social media platform with a payment system using Dogecoin. Musk was enthusiastic about the idea and even suggested a decentralized system that would support free speech. As an alternative, Musk considered buying Twitter, which he eventually did.
Given Musk’s interest in integrating Dogecoin into a payment system, it is possible that he will incorporate the meme coin into the platform formerly known as Twitter. Musk’s affinity for Dogecoin is evident in his cryptic memes and his purchase of a Shiba Inu dog named Floki, which is the logo of Dogecoin. The book also mentions FTX CEO Sam Bankman-Fried’s support for Musk acquiring Twitter to rebuild it on the blockchain.
DOGE as an Investment
In addition to his fondness for Dogecoin, Elon Musk reportedly invests in its development. The book reveals that Musk has been quietly funding the cryptocurrency’s development. This suggests that Musk may work towards elevating Dogecoin to new heights. Some members of the Dogecoin community even believe that Musk will make it “the official currency of X and earth in the future.”
Musk is already taking steps to bring Dogecoin to a global stage. His platform X recently acquired licenses to offer payment services in multiple US states, indicating his plans to create a payment system where users can transact with DOGE. Currently, DOGE is trading at around $0.06145.
Hot Take: Elon Musk’s Passion for Dogecoin Goes Beyond Memes
Elon Musk’s biography reveals a deeper connection between the world’s richest man and Dogecoin. It showcases Musk’s enthusiasm for incorporating the meme coin into his projects, including a potential decentralized social media platform and a payment system on the X platform (formerly Twitter). Despite not being a blockchain advocate, Musk’s investment in Dogecoin’s development demonstrates his commitment to its success.
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